On August 1, 2017 Kostal Bulgaria Automotive opened a plant for high-tech automotive components in Pazardzhik. "Kostal Bulgaria Automotive" is a subsidiary of the German holding company "Kostal", which with its over 100 years of history has established itself as a leader in the development and production of electric, electromechanical and mechanical products for the automotive industry.
The new plant in Pazardjik is the third production base of "Kostal" in Bulgaria and part of the strategy for expansion of production capacities for the needs of the European market. The attraction of foreign investors to the Bulgarian market is one of the main goals of the government. The newly-established enterprise was built in the Industrial Zone of Pazardjik on an area of 60 decares.
The investment of the German concern in the new plant's buildings exceeds EUR 30 million - two workshops with a built-up area of 10,000 square meters were built, two larger workshops with a total area of 15,000 square meters are expected to be built. The company in Pazardjik employs 250 people. It is planned that by the end of 2018 the number of workers will reach 1200 and in the next 3 years will be up to 2 400.